Gramercy Property Trust (GPT) to Release Quarterly Earnings on Wednesday

Gramercy Property Trust (NYSE:GPT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 28th. Analysts expect the company to announce earnings of $0.52 per share for the quarter.

Gramercy Property Trust (GPT) opened at $22.52 on Wednesday. Gramercy Property Trust has a 12-month low of $22.51 and a 12-month high of $31.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $3,620.00, a price-to-earnings ratio of 52.37, a PEG ratio of 1.54 and a beta of 0.45.

GPT has been the topic of a number of recent research reports. SunTrust Banks set a $30.00 target price on shares of Gramercy Property Trust and gave the stock a “hold” rating in a research report on Tuesday, October 31st. ValuEngine raised shares of Gramercy Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Gramercy Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Gramercy Property Trust in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Gramercy Property Trust presently has a consensus rating of “Hold” and an average price target of $30.75.

In related news, President Benjamin P. Harris sold 6,371 shares of Gramercy Property Trust stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $26.73, for a total value of $170,296.83. Following the completion of the sale, the president now owns 89,730 shares in the company, valued at $2,398,482.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.36% of the stock is currently owned by insiders.

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About Gramercy Property Trust

Gramercy Property Trust is a real estate investment trust (REIT), which is an investor and asset manager of commercial real estate. The Company’s operating segments include Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of its activities related to the investment and ownership of commercial properties located throughout the United States and Europe.

Earnings History for Gramercy Property Trust (NYSE:GPT)

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